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1840 NW 22nd St, Miami, FL ...

Jamison Properties Acquires Industrial Asset In Miami For $1.48M
SOLDIndustrial

Jamison Properties Acquires Industrial Asset In Miami For $1.48M

1840 NW 22nd St, Miami, FL 33142

$1,480,000

$364/SF

Building Size

4,065 SF

Asset Type

Industrial

Closing

May 30, 2023

AI

An industrial property located at 1840 Northwest 22nd Street in Miami has been sold for $1,480,000. The property spans across 4,065 square feet with a price per square foot of $364. The sale transaction took place on 05/30/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,480,000
  • Address: 1840 Northwest 22nd Street
  • Market: Miami
  • Square Footage: 4,065
  • Price per Square Foot: $364

The buyer of the property is Jamison Properties, while the seller is Jared Jukel. The seller was represented by Jonathan Eismann from Gridline Properties.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker
JP
Jamison PropertiesBuyer

Jared Jukel

Seller

$12.6M

vol

7 deals

Seller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.72%

Cash-on-Cash

-3.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93